The Mizoram state government has launched the Bana Kaih Scheme Mizoram 2025. The scheme is a great initiative launched by the Mizoram State Government to provide economic growth and financial stability to the small and marginal entrepreneurs of the state. Under this scheme, the Mizoram state government will provide financial, technical, and institutional support to all the selected small entrepreneurs. Under the recent budget, the Mizoram state government has also made some positive changes under the Bana Kaih Scheme Mizoram. All the citizens of Mizoram state who are small entrepreneurs can visit the official website and fill out the application form online.
Budget Allocation Under Bana Kaih Scheme
The chief minister of Mizoram state Mr Lalduhoma announced the state’s budget on 4th March 2025 during a session in Aizawal. The chief minister of Mizoram state presented a total budget of INR 15,198.76 crore with core importance given to the Bana Kaih Scheme. According to the information the Government of Mizoram state has made a 75% increase in the funds allocation under the Bana Kaih Scheme. This time the Mizoram state government has allocated a total of INR 380 crore under the flagship Bana Kaih Scheme. With the increased budget the Mizoram State Government aims to provide benefits to all the small entrepreneurs of the state.
Also Read: Mizoram Interest Free Loan Scheme
Objective of Bana Kaih Scheme
The main objective of launching the Bana Kaih Scheme is to encourage the new entrepreneurs of Mizoram state to continue their business without any financial difficulties. According to the information the Mizoram state government will provide Collateral free and interest-free loans of up to INR 50 lakh to the selected beneficiary. The scheme will also provide market stability to the new entrepreneurs making sure they survive in the tough competition. This scheme will also allow the youth of Mizoram state to understand and start their own business regardless of their financial status.
Helpful Summary of Bana Kaih Scheme
| Key Highlights | Details |
| Name of the Scheme | Bana Kaih Scheme Mizoram |
| Launched By | Mizoram State government |
| Launch Date | 19th September 2024 |
| Announced By | Mizoram State government |
| Purpose | Provide financial, technical, and institutional support |
| Beneficiaries | Citizens of Mizoram state |
| Target Beneficiaries | Small entrepreneurs of Mizoram state |
| Advantage | Collateral-free and interest-free loans and other support |
| Eligibility Criteria | Citizens running small businesses |
| Required Documents | Aadhaar Card, Bank account |
| Application Process | Online |
| Official Website | |
| Expected Benefits | Loan of up to INR 50 lakh |
| Contact Details |
Eligibility Criteria
- The citizens must be a permanent resident of Mizoram state.
- The citizens must be small entrepreneurs.
Financial Benefits
- The financial benefits of up to INR 50 lakh will be given to the selected beneficiaries in the form of loans under the Bana Kaih Scheme.
Required Documents
- Aadhar card
- Bank account details
- Business official documents
- PAN card
List of Departments
- Agriculture & Farmers Welfare Department
- Animal Husbandry & Veterinary Department
- Commerce & Industry Department
- Cooperation Department
- Fisheries Department
- Horticulture Department
- Information & Public Relations Department
- Irrigation & Water Resources Department
- Labour, Employment, Skill Development and Entrepreneurship Department
- Land Resources, Soil & Water Conservation Department
- Planning & Programme Implementation Department
- Rural Development Department
- Sericulture Department
- Sports & Youth Services Department
- Tourism Department
- Urban Development & Poverty Alleviation Department
Salient Features
- Interest-free loans: The selected beneficiaries will receive interest-free loans of up to INR 50 lakh from the state government.
- Budget allocation: In the recent budget the Mizoram state government has allocated a total of INR 380 crore under the scheme.
- Encourage youth: After launching this scheme the Mizoram state government has observed a significant boost in startup by young citizens.
- Launch date: The scheme was launched by the Mizoram State Government on 19th September 2024.
Application Process
STEP 1: All the citizens to clear the eligibility criteria requested to visit the nearest bank branch to apply for the Bana Kaih Scheme Mizoram 2025.
STEP 2: Once the citizens reach the bank branch they must consult with the Bank official and tell them their requirements.
STEP 3: Now the bank official will provide you with the application the citizens must enter all the details that are asked and attach in necessary documents.
STEP 4: After filling out the application form the citizens must submit the application back to the bank official to complete their process.
FAQs
What are the benefits given under the Bana Kaih Scheme Mizoram 2025?
Under the Bana Kaih Scheme Mizoram 2025, new entrepreneurs will receive financial and other kind of benefits from the Mizoram state government.
What is the budget allocated under the Bana Kaih Scheme Mizoram 2025?
During the announcement of the recent budget, the Mizoram state government has allocated INR 380 crore under the Bana Kaih Scheme Mizoram 2025.
What is the limit of loan given under the Bana Kaih Scheme Mizoram 2025?
The maximum loan of INR 50 lakh will be given to the selected beneficiaries under the Bana Kaih Scheme Mizoram 2025.